The Best Trading Platform in Malaysia for Stocks and Shares

Many traders in Malaysia, and around the globe, find it difficult to choose a suitable stock broker. For this reason, we have seen many traders lose their investments due to such choices. Worry no more because we’ve got you covered. Our guide will offer you the required information so that you can make the best choices from our list of stock brokers in Malaysia.

You must be wondering how we rate the brokers. Our team of researchers and professionals have gone above and beyond to make sure we recommend the best brokers, without being biased. With a combination of customer reviews and demo accounts, we can guarantee you that the information we provide is accurate. 

Here are the Best Trading Platform In Malaysia For Stocks And Shares

• Best Stock Broker: TD Ameritrade
• Best Share and Stock Trading Platform: Interactive Brokers
• Best CFD Stock Broker: IG Markets
• Best Free Stock Broker: AvaTrade
• Best Trading Platform for Day Trading: TD Ameritrade

Which is the Best Stock Broker in Malaysia?

Our extensive research has led us to believe that TD Ameritrade is the best stock broker in Malaysia. It started its operations in 1975 and has grown to be one of the largest stock brokers in the U.S. market. With a subsidiary in Singapore, known as TD Ameritrade Singapore (TDA SG), the broker extends its investment opportunities to traders in Malaysia. 

TD Ameritrade Singapore’s investment securities include stocks, futures contract, and options. It is regulated by the best American authorities, such as Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). This achievement sets the bar high as the best online trading platform in Malaysia.

TD Ameritrade charges no commission on stock and ETF trading. However, when it comes to mutual funds and futures, the charges are a bit high. Note that TD Ameritrade’s platform is easy to understand. For this reason, it effectively improves your trading proficiency, making it the best stock broker for both trading beginners and professionals in Malaysia.

Which is the Best Share and Stock Trading Platform in Malaysia?

When looking for the best share and stock trading platform in Malaysia, you need to think about your investment’s security. Going for a broker who is regulated by the best authorities is what you must consider.

Interactive Brokers (IBRK) is a trusted broker operating around the globe, including Malaysia. IBRK is rated as the best share and stock trading platform in Malaysia because of its efficiency and easy-to-use stock trading platform. It offers a variety of assets, including stocks, forex, and commodities.

This trading platform is also licenced by the top tier authorities, such as FCA and SEC. One thing to note is that Interactive Brokers is not a member of Bursa Malaysia. With no offices in Malaysia, the local market trade with this broker seems impossible.

However, because of its premium licenses, Interactive Brokers is still safe in Malaysia, and you can trade Singaporean assets.

Which is the Best CFD Stock Broker in Malaysia? 

Our experienced researchers have spent countless hours reviewing IG Markets, and we can confidently assure your safety with this broker. Since its inception in 1974, this London-based broker is one of the best stock investment platforms in the industry. Today, it has received the highest customer rankings as the best CFD stock broker in Malaysia. This is because it has a wide selection of stocks of over 10,000. 

Various authorities regulate IG Markets with FCA being the primary one. It provides you with all the assets you need to trade professionally in CFD stock. It also has several trading platforms, some of which are strictly accessible to professional traders. CFD trading comes with higher risks, so make sure you are well informed about CFDs in Malaysia, before investing. 

With IG Markets, you get access to excellent resources that will make your trading activities more secure. Since the broker charges account opening fees, it may suit your needs to try the free demo on their website. We guarantee that you will enjoy using IG Markets and continue with the signup procedure.

Which is the Best Free Stock Broker in Malaysia? 

If you are looking for a cheap or free stock broker in Malaysia, then consider AvaTrade. Do not be mistaken, however; there is no completely free broker out there. They are all in the industry for profit. Right? What makes them affordable is their commission-free services. 

To get back to our review, AvaTrade is a practical and straightforward app to use, with a plethora of automated tools and robots. This feature makes it easy for you to manage your trading activities.

Since its inception in 2006, the broker, together with its trading experts, ensures that you enjoy your trading experience. Its mobile stock trading app, known as AvaTradeGO, allows traders in Malaysia to trade with ease anywhere, anytime. You can find it on both Google Play and the App Store.

If you trade online, it is best to use a broker which accepts PayPal. You can use AvaTrade to invest in stocks, indices, and cryptocurrencies.

When it comes to AvaTrade charges, it does not charge deposit and withdrawal fees. However, there is a minimum amount that you must deposit when creating a live trading account. AvaTrade also charges inactivity fees. So, if you are not a frequent trader, this broker is not for you. You will also pay spread when trading with real money on AvaTrade. 

Which is the Best Trading Platform for Day Trading in Malaysia?

Not only is TD Ameritrade the best stock broker in Malaysia, but it is also ranked the best for day trading in most countries, including Malaysia. Since its operations in the 1970s, TD Ameritrade is also considered one of the largest stock brokers in the United States. 

TD Ameritrade has a subsidiary broker in Singapore known as TD Ameritrade Singapore. It is through this subsidiary broker that Malaysian traders get to access investment opportunities. TD Ameritrade has a sophisticated platform and tools with exceptional customer service. These features make it the best trading platform for day trading in Malaysia. 

TD Ameritrade offers a variety of assets, including stocks, futures contract, and options. It is also licensed and regulated by top-tier commissions such as CFTC and SEC. The broker is safe to invest in and does not charge a commission on stock and ETF trading. However, its charges are relatively high when it comes to mutual funds and futures.

Guide for Traders in Malaysia 

The first step to being a successful trader in online stock trading in Malaysia is finding the right broker. The broker should legally be operating on its own or have access to Bursa Malaysia.

Note that Malaysian traders can also trade in foreign countries. To do so, you will be required to open an account with an international broker that allows foreign stock exchange trading. 

For beginners, we understand that trading can sometimes be overwhelming. Witnessing the fluctuation of pricing in the stock market can leave you wondering if you are making the right move. Worry no more because once you familiarise yourself with how trading works, you will realise that it is not a strenuous activity to understand.

That said, below are significant facts that you need to know, before making your first investment.

Different trading laws

The trading laws of Malaysia only allow you to invest with a licensed and regulated broker. For this reason, it is essential that you choose a broker who you are sure is regulated by the required authorities or recommended by us. 

Malaysian brokers need to have a Securities Commission Malaysia license that operates under the Capital Markets and Services Act 2007. If you wish to be a local broker, then the Bank Negara Malaysia will regulate your activities.

Different local markets

Whereas some brokers allow international trading, others do not. It merely means that there are brokers who do not have access to the Malaysian stock exchange. So, when you are looking for a broker, consider one who will cater to your trading needs in a single platform.

Islamic trading accounts

Over 60% of the Malaysian population practice the religion of Islam. Therefore, most online traders invest in Islamic trading accounts. Do not agonize, though, if you are not a Muslim. We make sure that our recommended brokers offer both Islamic and non-Islamic accounts to suit your religion.

How to Choose the Best Stock Broker in Malaysia

You need to be very cautious when choosing a stock broker. It will suit your needs to ensure that the broker is safe to trade with, before investing all your hard-earned money. You do not want to risk investing in a broker only to find out that your investments are gone. That said, below are some things you need to look for before choosing a stock broker.

Regulation and exchange membership

The Securities Commission Malaysia must register the stock broker. Their eligibility to trade guarantees your safety. Our recommended brokers are all licensed by the above commission. Simply pick.

Trading platform

The best stock broker must have a flexible trading platform. You should be able to enter your stock order, receive confirmations, and have access to the relevant stock quotes. The platform or software must also be easy to access and customise. 

Research

What is the best broker without advisory and research services? As a trader, there is information or procedures that require guidance. Your broker must be at your beck and call, should you need investment advice. 

Fees and commissions

This is an essential factor to consider when choosing a stock broker. Their services must be within your budget, especially if you are a frequent trader. 

What you trade

The assets and securities that you are looking for in a broker are essential. Don’t choose a CFD broker when you should have gone for a stock broker. We’ve chosen the best trading platforms for stocks and shares in Malaysia in our trading guide above. So, you can choose one of them and compare the instruments they offer to trade.

Compare brokers

Once you have chosen a few brokers from the list that we recommend, you can use their demo accounts to see which one stands out. Once you follow the above factors, you can never make a wrong choice. Remember, even if you end up with the best of the best brokers, without education, it will be difficult to make profits. So, learn how to trade with educational materials, such as books, videos, and courses. 

FAQs

Conclusion

Stock trading in Malaysia can be a great investment opportunity in this evolving market that includes the Islamic trading sector. It’s close connection with Singapore also encourages Malaysia to grow fast in stock trading. For this reason, you need to get the necessary education to start making investments. 

What makes online stock trading in Malaysia more interesting is the ability to offer Islamic trading platforms. This allows all Muslim investors to trade without violating their religion. 

You should now have an idea of which trading platform in Malaysia is best for you. You also know the top stock brokers and what they offer. Should you wish to learn more about these brokers, do not hesitate to refer to our extensive broker reviews. You will find all the information you need. 

Remember to choose the best stock broker that you feel will work for you. Do your research or refer to us for help and guidance. 

Note: Should you have any questions or comments, kindly leave a message below. Whether the message is regarding investments, trading apps, financial systems, safety, or any other information that comes to mind while going through our website, we promise to respond as soon as possible.